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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

The Company’s goodwill was as follows for the periods presented:

 

 

 

U.S.
Operating
Segment

 

 

International
Operating
Segment

 

 

Total

 

Balance at December 31, 2022 (1)

 

$

1,182.9

 

 

$

68.0

 

 

$

1,250.9

 

Disposition (2)

 

 

—

 

 

 

(4.2

)

 

 

(4.2

)

Foreign currency translation adjustments

 

 

—

 

 

 

4.3

 

 

 

4.3

 

Balance at December 31, 2023 (1)

 

$

1,182.9

 

 

$

68.1

 

 

$

1,251.0

 

Foreign currency translation adjustments

 

 

—

 

 

 

(11.4

)

 

 

(11.4

)

Balance at December 31, 2024 (1)

 

$

1,182.9

 

 

$

56.7

 

 

$

1,239.6

 
(1)
Balances are presented net of accumulated impairment losses of $214.0 for the U.S. reportable segment and $43.8 for the international reportable segment.
(2)
Relates to the sale of the Company’s Ecuador subsidiary. See Note 7.
Intangible Assets

Intangible assets activity and balances consisted of the following for the periods indicated:

 

 

Balance at January 1, 2023

 

 

Additions (1)

 

 

Disposals (2)

 

 

Amortization

 

 

Other (3)

 

 

Balance at December 31, 2023

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

77.7

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

0.1

 

 

$

77.8

 

Accumulated amortization

 

 

(73.2

)

 

 

—

 

 

 

—

 

 

 

(2.1

)

 

 

—

 

 

 

(75.3

)

Total intangible assets with finite lives, net

 

$

4.5

 

 

$

—

 

 

$

—

 

 

$

(2.1

)

 

$

0.1

 

 

$

2.5

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300.1

 

 

 

0.4

 

 

 

(0.4

)

 

 

—

 

 

 

0.2

 

 

 

300.3

 

Total intangible assets, net

 

$

304.6

 

 

$

0.4

 

 

$

(0.4

)

 

$

(2.1

)

 

$

0.3

 

 

$

302.8

 

 

 

 

Balance at January 1, 2024

 

 

Additions (1)

 

 

Disposals

 

 

Amortization

 

 

Other (3)

 

 

Balance at December 31, 2024

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

77.8

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

(0.1

)

 

$

77.7

 

Accumulated amortization

 

 

(75.3

)

 

 

—

 

 

 

—

 

 

 

(2.0

)

 

 

—

 

 

 

(77.3

)

Total intangible assets with finite lives, net

 

$

2.5

 

 

$

—

 

 

$

—

 

 

$

(2.0

)

 

$

(0.1

)

 

$

0.4

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300.3

 

 

 

0.1

 

 

 

—

 

 

 

—

 

 

 

(0.3

)

 

 

300.1

 

Total intangible assets, net

 

$

302.8

 

 

$

0.1

 

 

$

—

 

 

$

(2.0

)

 

$

(0.4

)

 

$

300.5

 
(1)
Amount represents licenses acquired to sell alcoholic beverages for certain locations.
(2)
Relates to the sale of the Company’s Ecuador subsidiary. See Note 7.
(3)
Primarily includes foreign currency translation adjustments.